TY 2020 Form 990PF

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	297,541	356,615	356,615
	3	Accounts receivable 41
		Less: allowance for doubtful accounts		41	41
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	297,541	356,656	356,656
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	297,541	356,656
	29	Total net assets or fund balances (see instructions).....	297,541	356,656
	30	Total liabilities and net assets/fund balances (see instructions).	297,541	356,656

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

297,541

Enter amount from Part I, line 27a .....................

59,115

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

356,656

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

356,656

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................	3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	1
c	All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	1
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............	7	0
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.	8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9	1
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
DAN STOWE	SECRETARY 0.15	0	0	0
PO BOX 95 VALDEZ,AK99686
PAUL KILDAL	DIRECTOR 0.15	0	0	0
PO BOX 456 GLENNALLEN,AK99588
LON RAKE	PRESIDENT 0.15	0	0	0
PO BOX 1936 VALDEZ,AK99686
WILL STARK	TREASURER 0.15	0	0	0
PO BOX 3337 VALDEZ,AK99686
JEFF SAXE	DIRECTOR 0.15	0	0	0
PO BOX 1445 VALDEZ,AK99686
YVETTE DELAQUITO	VICE PRESIDENT 0.15	0	0	0
HC 01 BOX 1716 GLENNALLEN,AK99588
MARK SHORTEN	DIRECTOR 0.15	0	0	0
PO BOX 139 COPPER CENTER,AK99573
JANICE MASLEN	DIRECTOR 0.15	0	0	0
PO BOX 463 GLENNALLEN,AK99588

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					12,456
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:2017, 2018, 2019			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	1,476
b From 2016......	11,913
c From 2017......	8,918
d From 2018......	12,405
e From 2019......	22,900
fTotal of lines 3a through e........		57,612
4Qualifying distributions for 2020 from Part
XII, line 4: $ 23,075
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					12,456
e Remaining amount distributed out of corpus		10,619
5 Excess distributions carryover applied to 2020.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		68,231
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		1,476
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		66,755
10 Analysis of line 9:
a Excess from 2016....	11,913
b Excess from 2017....	8,918
c Excess from 2018....	12,405
d Excess from 2019....	22,900
e Excess from 2020....	10,619

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

SHARON CRISP
CVEA MANAGER OF MEMBER SERVICES
GLENNALLEN,AK99588
(907) 822-5506
CRISP@CVEA.ORG

bThe form in which applications should be submitted and information and materials they should include:

APPLICATIONS SHOULD BE SUBMITTED ONLINE TO CVEA.ORG OR TO THE CONTACT PERSON LISTED ABOVE.

cAny submission deadlines:

SUBMISSION DEADLINES CHANGE ON AN ANNUAL BASIS.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

AWARDS ARE LIMITED TO CVEA SERVICE AREA AND TO THE APPLICANTS' NON- PROFIT STATUS. FURTHER GUIDELINES ARE LISTED ON THE FOLLOWING WEBSITE: HTTPS://CVEA.ORG/COMMUNITY-SUPPORT/COMMUNITY-FOUNDATION.HTML

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
COPPER RIVER WATERSHED PROJECT PO BOX 1560 CORDOVA,AK99574	501(C)(3)		FUNDS TO PURCHASE SALMON TANK, CHILLER, FILTRATION SYSTEM, AND TANK CAMERA FOR UPSTREAM LEARNING IN THE CRSD OFFICE.	2,000
COPPER VALLEY COMMUNITY LIBRARY PO BOX 544 GLENNALLEN,AK99588	501(C)(3)		FUNDS TO PURCHASE COPIES OF BOOKS FOR BATTLE OF THE BOOKS K-12 GRADES	800
CRB CHILD ADVOCAY CENTER PO BOX 103 GAKONA,AK99586	501(C)(3)		FUNDS TO PAY REGISTRATION FEES FOR THE MULTIDISCIPLINARY TEAM MEMBERS TO ATTEND THE 2020 CHILD MALTREATMENT CONFERENCE AND WORKSHOP	2,325
JACKLYNN STEWART PO BOX 3491 VALDEZ,AK99686	INDIVIDUAL - NO RELATIONSHIP		EDUCATIONAL	500
JACOB GOTTSCHALK HC60 BOX 220M COPPER CENTER,AK99473	INDIVIDUAL - NO RELATIONSHIP		EDUCATIONAL	500
CASSIDY MATTHEWS PO BOX 675 GLENNALLEN,AK99588	INDIVIDUAL - NO RELATIONSHIP		EDUCATIONAL	1,000
CELIA CHMIELOWSKI PO BOX 767 GLENNALLEN,AK99588	INDIVIDUAL - NO RELATIONSHIP		EDUCATIONAL	1,000
SOPHIA PALOMAR PO BOX 261 VALDEZ,AK99686	INDIVIDUAL - NO RELATIONSHIP		EDUCATIONAL	1,000
RUTH FINAU PO BOX 221 GLENNALLEN,AK99588	INDIVIDUAL - NO RELATIONSHIP		EDUCATIONAL	500
MORGAN GAGE CRITCHLOW PO BOX 3758 VALDEZ,AK99686	INDIVIDUAL - NO RELATIONSHIP		EDUCATIONAL	1,000
VALDEZ CO-OP PRESCHOOL PO BOX 1906 VALDEZ,AK99686	501(C)(3)		FUNDS TO PURCHASE A NEW SENSORY CHANGING LIGHT TABLE	400
VALEDZ ADVENTURE ALLIANCE PO BOX 33 VALEDZ,AK99686	501(C)(3)		FUNDS FOR YOUTH ICE CLIMBING CLASSES	950
VALEDZ CITY SCHOOLS PO BOX 398 VALDEZ,AK99686	501(C)(3)		FUNDS FOR DIGITAL MEIDA PROFESSIONALS TO TEACH FILM PRODUCTION THROUGH PRINCIPLES OF SCIENCE - $3,000 AND FOR SEWING MACHINE, PRESSING AND CUTTING EQUIPMENT AND TEXTILES - $1,000	4,000
VALEDZ MUSEUM & HISTORICAL ARCHIVE PO BOX 8 VALEDZ,AK99686	501(C)(3)		FUNDS FOR PRODUCTION, IMPLEMENTATION, AND PROGRAMMING FOR FOUR TEMPORARY FINE ART EXHIBITIONS	2,000
VALEDZ TORPEDOES SWIM CLUB PO BOX 3106 VALEDZ,AK99686	501(C)(3)		FUNDS TO PURCHASE TEAM SHIRTS	600
WRANGELL INSTITUTE FOR SCIENCE AND ENVIRONMENT HC60 BOX 338A COPPER CENTER,AK99573	501(C)(3)		FUNDS FOR IN-CLASS SCIENCE PROGRAM AND ASSISTING STUDENTS LEARNING AT HOME	2,000
COPPER RIVER HOCKEY CLUB PO BOX 226 GLENNALLEN,AK99588	501(C)(3)		FUNDS TO SURFACE THE UPPER HOCKEY RINK	1,000
STEPPING STONES LEARNING CENTER PO BOX 1558 VALDEZ,AK99686	501(C)(3)		FUNDS TO PURCHASE PLAYGROUND EQUIPMENT	1,500
Total ................................. 3a				23,075

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	84,038
2	Check .............
3	Interest on savings and temporary cash investments	71		71
4	Dividends and interest from securities...
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10
b	Gross sales price for all assets on line 6a
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	84,109		71	0
13	Compensation of officers, directors, trustees, etc.	0		0	0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		1,500	0	0	0
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		2	0	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		417	0	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,919		0	0	0
25	Contributions, gifts, grants paid.......	23,075				23,075
26	Total expenses and disbursements. Add lines 24 and 25	24,994		0	0	23,075
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	59,115
b	Net investment income (if negative, enter -0-)			71
c	Adjusted net income (if negative, enter -0-)...				0

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b
c
d
e

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	NONE	0
2


All other program-related investments. See instructions.
3		0

bApproved for future payment

Total ................................. 3b				0

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	71
4 Dividends and interest from securities....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		71	0

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization COPPER VALLEY ELECTRIC ASSOCIATION COMMUNITY FOUNDATION INC

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	COPPER VALLEY ELECTRIC ASSOCIATION INC PO BOX 45 GLENNALLEN, AK99588	$ 78,694	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Name of organization COPPER VALLEY ELECTRIC ASSOCIATION COMMUNITY FOUNDATION INC		Employer identification number 38-3737079

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)


Name of organization COPPER VALLEY ELECTRIC ASSOCIATION COMMUNITY FOUNDATION INC			Employer identification number 38-3737079
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

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